Scott Michel Quoted in The Wall Street Journal, IRS Suffers Setback in Identifying Secret Credit Suisse Accounts
04.12.2012
The Wall Street Journal
Excerpt taken from the article.
A Swiss tribunal blocked the release of the name of a U.S. taxpayer holding a secret Credit Suisse account to the Internal Revenue Service. The April 5 decision was announced in a Tuesday press release, which noted the ruling cannot be appealed.
The decision appears broadly applicable to other Credit Suisse account holders, said Scott Michel, an attorney with Caplin & Drysdale in Washington. "It slows down the IRS's access to these names and throws a wrench in its strategy," he said, adding it may encourage holders of secret Credit Suisse accounts to delay disclosing them to the IRS.
To read more about the recent IRS setback in identifying secret Credit Suisse Accounts, click here.
A Swiss tribunal blocked the release of the name of a U.S. taxpayer holding a secret Credit Suisse account to the Internal Revenue Service. The April 5 decision was announced in a Tuesday press release, which noted the ruling cannot be appealed.
The decision appears broadly applicable to other Credit Suisse account holders, said Scott Michel, an attorney with Caplin & Drysdale in Washington. "It slows down the IRS's access to these names and throws a wrench in its strategy," he said, adding it may encourage holders of secret Credit Suisse accounts to delay disclosing them to the IRS.
To read more about the recent IRS setback in identifying secret Credit Suisse Accounts, click here.
Attorneys
Member
